Challenge
A charter school in Colorado in operation since 1974 suffering from decreased student enrollment, competition, and significant decrease of funds from governmental contributions assigned one lawsuit claim to Corinthos & Morgan. The claim was for breach of contract for delinquent loan payments for computer equipment in the amount of $272,000.00, and personally guaranteed by the client.
Outcome
Settlement was successfully negotiated for a total cost to our client of 57%. Corinthos & Morgan also obtained a 48-month payout to the creditor with payments less than the original loan. Client was able to keep all of the computer equipment with minimal attorney fees being charged.
Challenge
A Nevada company that manufactured moldings made a decision to cease operations but did not want to file bankruptcy. The client assigned 48 unsecured vendor claims with a volume in excess of $253,000.00. The client had funds available to settle of 60% of the volume assigned and wanted all claims settled within 90 days.
Outcome
Corinthos & Morgan was successful in settling 93.6% of the claims within 15 weeks. The total cost to the client for this project was 47% with savings of $118,910.
Challenge
A small business in Fargo, ND, that replaces damaged glass on automobiles assigned one claim with a high profile yellow page advertising company. This advertising endeavor was not only unsuccessful but the client felt the aggressive yellow pages’ salesman had been deceptive in promises on return of the ad, automatic renewal of the ad, and the appearance of the advertisement.
Outcome
Corinthos & Morgan was successful in settling this lawsuit claim, with a total cost to our client of 59%. The claim was assigned to an attorney who answered the lawsuit providing the negotiator additional time to settle before a judgment could be filed.
Challenge
An Aluminum Extrusion company in Arkansas assigned one lawsuit claim of $128,500 for delinquent employee staffing fees for its manufacturing plant. The client was in default with his Asset Based Lender and this lawsuit was a major factor in the default.
Outcome
A settlement was negotiated for $77,100. Corinthos & Morgan not only saved the client $51,400 but the Asset Based Lender released the default on his loan. The client gives Corinthos & Morgan credit for saving him thousands of dollars, preventing a judgment being filed, and stopping the Asset Based Lender’s foreclosure proceedings.
Challenge
A mail order gift catalog company in New York imported and sold specialty items mostly from France. Their sales plummeted when many American consumers stopped purchasing French products due to the political events of the Iraqi war and 9-11. This company shut down all operations two weeks after assigning 127 vendor claims in excess of $426,000.
Outcome
Corinthos & Morgan has negotiated and settled 109 claims to date saving the client a total of $171,600. After all fees and vendor payments have been completed.
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